S& P 500 hits all time highs U.S.-Japan trade deal optimism
LONDON - Shareholders of De La Rue (LON:DLAR) plc, a British banknote manufacturer, have given their approval for the company’s acquisition by ACR Bidco Limited, an entity controlled by funds managed by Atlas Holdings LLC. The approval, secured during today’s Court Meeting and General Meeting, marks a significant step towards the completion of the buyout process which was first announced on April 15, 2025.
The acquisition, which is structured as a Scheme of Arrangement under the Companies Act 2006, received overwhelming support from De La Rue shareholders. At the Court Meeting, 99.46% of the votes cast were in favor of the scheme, representing 55.80% of the eligible shares. Similarly, resolutions to implement the scheme at the General Meeting were passed with at least 99.75% approval for each resolution.
The total number of De La Rue shares in issue at the Scheme Voting Record Time was 196,413,349. The Scheme remains subject to further conditions, including court sanction and the delivery of a court order to the Registrar of Companies. If all conditions are met, the acquisition is expected to become effective on July 2, 2025.
Following the effective date of the scheme, De La Rue’s shares are anticipated to be delisted from the London Stock Exchange (LON:LSEG)’s Main Market and removed from the Official List by the Financial Conduct Authority. The expected timetable for these events has been outlined in the Scheme Document, which also details the terms and conditions of the acquisition.
This transaction represents a significant change in ownership for De La Rue, which has been a key player in the security printing industry. The information regarding the shareholder approval is based on a press release statement issued by De La Rue plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.